A licensed insurance broker may divide commissions with producers or brokers in other states or with a producer licensed in this State for an insurer doing the particular class of insurance desired to be placed through the broker.

HISTORY: Former 1976 Code SECTION 38-45-100 [1947 (45) 322; 1952 Code SECTION 37-810; 1962 Code SECTION 37-810; 1964 (53) 2054] recodified as SECTION 38-17-100 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-47-110 [1947 (45) 322; 1952 Code SECTION 37-211; 1962 Code SECTION 37-211] recodified as SECTION 38-45-100 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 672; 2012 Act No. 283, SECTION 1, eff January 1, 2012.